Ladder Capital Corp Announces Third Quarter 2024 Dividend to Holders of Class A Common Stock
September 13 2024 - 7:15AM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR)
today announced the declaration by its board of directors of a
third quarter 2024 dividend of $0.23 per share of Class A common
stock. The cash dividend is payable on October 15, 2024 to
stockholders of record as of the close of business on September 30,
2024.
About Ladder
Ladder Capital Corp is an internally-managed commercial real
estate investment trust with $5.0 billion of assets as of June 30,
2024. Our investment objective is to preserve and protect
shareholder capital while producing attractive risk-adjusted
returns. As one of the nation’s leading commercial real estate
capital providers, we specialize in underwriting commercial real
estate and offering flexible capital solutions within a
sophisticated platform.
Ladder originates and invests in a diverse portfolio of
commercial real estate and real estate-related assets, focusing on
senior secured assets. Our investment activities include: (i) our
primary business of originating senior first mortgage fixed and
floating rate loans collateralized by commercial real estate with
flexible loan structures; (ii) owning and operating commercial real
estate, including net leased commercial properties; and (iii)
investing in investment grade securities secured by first mortgage
loans on commercial real estate.
Founded in 2008, Ladder is run by a highly experienced
management team with extensive expertise in all aspects of the
commercial real estate industry, including origination, credit,
underwriting, structuring, capital markets and asset management.
Members of Ladder’s management and board of directors are highly
aligned with the Company’s investors, owning over 11% of the
Company’s equity. Ladder is headquartered in New York City with
regional offices in Miami, Florida and Los Angeles, California.
Forward-Looking Statements
Certain statements in this release may constitute
“forward-looking” statements. These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Ladder believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results on the
Company's business. There are a number of risks and uncertainties
that could cause actual results to differ materially from
forward-looking statements made herein including, most prominently,
the risks discussed under the heading “Risk Factors” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2023, as well as its consolidated financial statements, related
notes, and other financial information appearing therein, and its
other filings with the U.S. Securities and Exchange Commission.
Such forward-looking statements are made only as of the date of
this release. Ladder expressly disclaims any obligation or
undertaking to release any updates or revisions to any
forward-looking statements contained herein to reflect any change
in its expectations with regard thereto or changes in events,
conditions, or circumstances on which any such statement is
based.
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Investor Contact Ladder Capital Corp Investor Relations
(917) 369-3207 investor.relations@laddercapital.com
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